Unternehmertum Venture Capital Partners invests in finn.auto
8.8 million Euro seed financing for finn.auto
HV Holtzbrinck Ventures, Heartcore Capital, Picus Capital, and UVC Partners invest in CO2-neutral auto subscription
Munich, December 10, 2019 – The Munich-based auto subscription company finn.auto announces the closing of its seed financing round of 8.8 million euros. The round was led by HV Holtzbrinck Ventures, one of the leading European VC companies with investments in companies such as Flixbus and Zalando. Also involved are Heartcore Capital and UVC Partners as well as existing investor Picus Capital.
The all-inclusive car subscription went live in October 2019 and stands out due to its fair and transparent return conditions, the short-term availability of the cars and maximum flexibility in the market: customers can change or cancel their car at any time. By offsetting the CO2 emissions of its fleet, the startup enables more sustainable mobility, which is also uncomplicated. Subscribing to finn.auto is as easy as buying shoes on the internet. Currently 76 different vehicles are available. The offer is tailor-made for small and medium-sized companies that are increasingly looking for more flexible all-inclusive mobility solutions for their business mobility. The fresh capital is now to be used to expand the vehicle fleet with a focus on electric mobility, to make cars available at even shorter notice and to significantly expand the team.
„finn.auto has convinced strong and reliable investors with its consistent approach. We offer a flexible and service-oriented mobility alternative that differs significantly from leasing. With our user-friendly offer we are meeting a great interest in the market“, says founder and CEO Max-Josef Meier.
Rainer Märkle, General Partner at HV Holtzbrinck Ventures, adds: „We are currently seeing massive upheavals in the mobility market due to changing user behavior with a focus on greater flexibility and simple solutions. This means great market opportunities for companies like finn.auto.” “The management team’s outstanding expertise in e-commerce, mobility and fleet financing is what convinced us and is a perfect fit to tackle his huge but complex market opportunity,” says Dr. Ingo Potthof, Managing Partner at UVC Partners.
About finn.auto
finn.auto is the new platform for climate-neutral car subscriptions. The CO2 footprint of every kilometre driven is compensated. To this end, the company cooperates with ClimatePartner in selected and certified climate projects. Finn makes driving a car as easy as buying shoes on the internet: With just a few clicks you can subscribe to a car that is immediately available – without any further effort. finn was founded in 2019 by Max-Josef Meier (former founder Stylight.de). The mission: To drive your own car easily and sustainably with finn.
About UVC Partners:
Unternehmertum Venture Capital Partners (UVC Partners) is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of industrial technologies, enterprise software and mobility. The fund typically invests between € 0.5 – 3m initially and up to € 12m in total per company.
Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 180 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as FlixBus, Carjump (Free2Move), KONUX, Blickfeld, 3YOURMIND and Vimcar.
